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Nov 5, 2012
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president obama or mitt romney. we ask td ameritrade ceo who has the pulse on what individual investors think. >>> we all know that this is going to be the most expensive presidential election, ever. but you really are not going to believe how much is spent per second for your vote. we're also expected to here hear about a revolutionary way to fight high cholesterol. listen up if you have it. t we have the big unveil covered. "street signs" at the top of the hour. back to you on "power lunch." >>> president obama and governor romney are sprinting through those key battleground states on the last day of campaigning. president and ceo of the national urban league is here, the former mayor of new orleans. he joins us, as does the founder and ceo of christie strategies and former special assistant to george w. bush. welcome, gentlemen. this one is going to be a squeaker. ron, i'll start with you. tell me why you think mr. romney will prevail. >> i'm cautiously optimistic. i think governor romney for the last several wee
president obama or mitt romney. we ask td ameritrade ceo who has the pulse on what individual investors think. >>> we all know that this is going to be the most expensive presidential election, ever. but you really are not going to believe how much is spent per second for your vote. we're also expected to here hear about a revolutionary way to fight high cholesterol. listen up if you have it. t we have the big unveil covered. "street signs" at the top of the hour. back to you...
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Nov 15, 2012
11/12
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barack obama is not interested in compromise. keith, you just contradicted yourselves. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant da
barack obama is not interested in compromise. keith, you just contradicted yourselves. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week....
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Nov 27, 2012
11/12
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meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but it paid $22 billion for this company originall
meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand...
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Nov 27, 2012
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the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place. just need to get rid of this congressional question mark overhanging everything, and then i think we could actually have an okay year next year. >> are you worried about business. the starry last week in "the journal" is how business investment was collapsing and capital goods have been falling and we're going to get a capital goods/durable goods report out tomorrow. if business doesn't invest they won't hire jobs and if they don't hire new jobs they won't have income to spend. what's your quick thought on that? >> i agree. it's a chicken and an egg. if t
the author of "get rich from obama" joins us. rebecca, i want to ask you, i'm kind of looking for optimism because i think the consumer spending numbers are pretty good. housing numbers are improving, but you do have this whacked out fiscal cliff. where do you stand on all of this? >> i think washington has the ability to give this economy momentum, new home sales are ticking higher and consumer confidence now at a five-year high, kind of amazing, so we have everything in place....
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Nov 14, 2012
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he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the other side? here it's uncertain who has leverage over whom. if to you don't have leverage, the issue is you got to make the other guy feel good. one way to make the other side feel good is to think that -- is to make the other side think you're giving them something. president obama starting at $1.6 trillion, he's got a lot to give. he's got a lot to make the republicans feel to make john boehner feel that he has put a lot on the table, that he's given up a lot and you ought to be happy because i came down from $1.6 trillion to, let's say, $1
he gives president obama the upper hand. but robert friedman who negotiates mna deals says republicans stand to be the winners. thank you so much for joining us. robert, is it smart negotiating by president obama to now double the amount he wants to raise in tax revenue? is this a scare tactic? >> i think it's brilliant negotiation, really, maria. i think as far as the art of negotiation, which is the topic you introduce, i think there are two keys. one is, do you have leverage over the...
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Nov 21, 2012
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one lucky turkey who president obama decided not to eat. >> live from the nasdaq market site i'm melissa lee. as microsoft and others make the big advertising push who will come out on top? penny's in play? the traders separate fact from fiction. guy goes shopping. he is going old school. we get a special report on why going to the mall isn't obsolete. let's get to the top story and that is a market reversal we saw today on the israel hamas cease fire. oil on the rise. why are they rallying and how relevant is peace in the middle east at this point? because trading oil wasn't that decisive. >> it was decisive in the beginning. really when everybody realized it wasn't so much of a cease fire. they shoot bombs. >> celebratory shooting. >> that was good. it is very important because it's not just about a small little and this isn't a small dispute. it is not just a small piece of land. it is bigger than that. it is with israelal and iran. that is what you have to worry about. this is not done over there. it is definitely something you need to pay attention to. oil reversed and closed higher
one lucky turkey who president obama decided not to eat. >> live from the nasdaq market site i'm melissa lee. as microsoft and others make the big advertising push who will come out on top? penny's in play? the traders separate fact from fiction. guy goes shopping. he is going old school. we get a special report on why going to the mall isn't obsolete. let's get to the top story and that is a market reversal we saw today on the israel hamas cease fire. oil on the rise. why are they...
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Nov 2, 2012
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the obama administration eliminated that. they've changed the rules and that has allowed many, many people in. a big example i'd like to look at is unmarried people. for some strange reason, unmarried people have fallen much farther below unemployment than married people. they have a lot better access to these programs. >> have the work requirements been removed, casey? is that a problem? the work requirements? is it too easy to go on safety net programs? >> that would be one of a dozen things that has happened. that's one of the factors. >> may i respectfully interject here? i don't know what professor mulligan is talking about. there's still three people looking for every job opening. when you have three people looking for every job opening you want to have safety nets there for people. it's not only fogood for the people but puts money in their pockets to buy things and keeps other people employed. this is economics 101. >> now there are millions of people who can make just as much by not working. that's a bad situation. >
the obama administration eliminated that. they've changed the rules and that has allowed many, many people in. a big example i'd like to look at is unmarried people. for some strange reason, unmarried people have fallen much farther below unemployment than married people. they have a lot better access to these programs. >> have the work requirements been removed, casey? is that a problem? the work requirements? is it too easy to go on safety net programs? >> that would be one of a...
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Nov 13, 2012
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i think that it's not on obama. it's on republicans in congress to make concessions to get to a compromise on this deal. >> all right. well, we'll wait to see what happens. >> yes, we will. >> wait for that white puff of spoke to come out of the capitol building at some point. >> thank you so much. appreciate it. the market has turned negative. >> this may end up being the biggest video game of all time, maria tells me. activision's "call of duty: black ops 2" is set to blow up the competition. is it the best play in the video game stock? we'll talk about that. >>> and what was behind the latest glitch in the stock market on monday? and how about the fiscal cliff? ceo duncan niederauer among the ceos in the fix the debt commission. he's later on the "closing bell." stay with us. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i l
i think that it's not on obama. it's on republicans in congress to make concessions to get to a compromise on this deal. >> all right. well, we'll wait to see what happens. >> yes, we will. >> wait for that white puff of spoke to come out of the capitol building at some point. >> thank you so much. appreciate it. the market has turned negative. >> this may end up being the biggest video game of all time, maria tells me. activision's "call of duty: black ops...
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Nov 9, 2012
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we were up over 60% of the markets under the first term of obama. second term what are we going to see? >> looking back over the historical record, these second terms haven't been very good. there's sort after sense of buyer's remorse on the part of investors. the average four-year return during a re-elect president's second term is 10% over that entire four years. the first year has averaged a negative return. i think second terms, there's nothing left to be elected for so the administrations on both sides have tended to get a little sloppy. >> sounds a little bit like after brian sullivan's very passionate political interview. he has ran out of puff. >> thank you for not calling it a rant. >> it wasn't a rant. it was a passionate argument. >>> next, taco bell getting a case of the munchies. >>> where is the beef, jane wells? >> reporter: well, it's for dinner. these cattle are getting ready to go in the chute for the auction. there's also less of it. who's making money in beef and who's losing money in beef and how you're going to pay more -- afte
we were up over 60% of the markets under the first term of obama. second term what are we going to see? >> looking back over the historical record, these second terms haven't been very good. there's sort after sense of buyer's remorse on the part of investors. the average four-year return during a re-elect president's second term is 10% over that entire four years. the first year has averaged a negative return. i think second terms, there's nothing left to be elected for so the...
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Nov 8, 2012
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president obama secured another four years in the white house. we are naming three etfs to play the victory. we'll walk you through the trades after this. plus, there are plenty of after hours action movers, all moving here. we'll bring you the latest on disney, groupon and nordstrom. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at
president obama secured another four years in the white house. we are naming three etfs to play the victory. we'll walk you through the trades after this. plus, there are plenty of after hours action movers, all moving here. we'll bring you the latest on disney, groupon and nordstrom. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one...
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Nov 5, 2012
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even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think 2013 is going to be a challenge for no matter who wins. but i think we're going to get a rally, 5%, 10%, if romney wins. on the flipside, if obama wins, a lot of people will be disappointed and they'll have to deal with the stark reality of taxes going higher in 2013 across the board in a very fragile economy. i see a lot of downside the next few months if obama wins. again, this is separate from 2013. >> understood. abigail, let's look at the charts. >> technically i have to take the other side of peter. the reason being, when we look at the s&p 500, we
even if obama wins, i don't see much upside. if romney wins because of the optimism that any growth in the economy that would engender, it would be negative for bonds. for me, the trade is very asymmetrical with very little upside in bonds and a lot more downside if -- either way, depending on who wins. >> even if romney wins, you think there's not a lot of upside for stocks? >> well, for stocks i think we're going to get an emotional knee-jerk bounce november, december. i think...
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Nov 9, 2012
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i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease to continue. >> by the way, would everybody have gotten a raise if romney were elected this week? >> everyone would have gotten a raise regardless of who was elected. two weeks ago i called my entire staff together. i said, i want to double sales this coming year, figure out how we can do it. i still plan to have that same target of doubling sales. however, i am not going to take the risk that is necessary to do it, but i'm going to keep our goals -- i'm going to try to turn lemons into lemonade. hopefully i'll be successful in doing it. >> all right. good luck w
i never said i would fire anybody if president obama got re-elected. what i did say, that if it gets to the point where doing business is so hard on me, i will seriously think of retirement, and of course that would cause the company to further decrease its sales and opportunities. the company will always be there. we have 10,000 villas at 27 resorts in 11 states. they'll always be serviced. there will always be people to check people in, maintain the units. it's just that our sales will cease...
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Nov 9, 2012
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he's willing to do a deal with president obama. i think they have a good personal rapport and expect the deal to get done. >> whitney, do you think if a deal includes reeve knew coming from somewhere but not a tax, would that be acceptable from the point of view that you represent? >> i suspect that it won't be and there will be increased revenues. so i think it's going to be three things. increased taxes. what that level looks at, is it 250 million or above, that's under any foesh yags right now. anthony and i were talking we're both in agreement it should be capped at $500,000. as an example and then thirdly democrats are going to have to touch the third rail for them which is entitlements which they're willing to do that, but only in the context of giving on the wealthiest side who can afford to give more. >> you have stod by the president both figuratively and literally at times on this issue. as an investor, as a hedge fund manager, what do you want to hear from the president today and how will that impact the way you may put
he's willing to do a deal with president obama. i think they have a good personal rapport and expect the deal to get done. >> whitney, do you think if a deal includes reeve knew coming from somewhere but not a tax, would that be acceptable from the point of view that you represent? >> i suspect that it won't be and there will be increased revenues. so i think it's going to be three things. increased taxes. what that level looks at, is it 250 million or above, that's under any foesh...
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Nov 27, 2012
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. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some will meet with the president in person. the president is making the case that he is meeting with every constituency out there. >> thanks for that wrap up. do you think his assessment is right that the markets freaked out? >> i think in general if your catalyst is the u.s. government you should be generally freaking out. free market is not one that hangs on every whim and word of harry reid. at the end of the day there are multiple factors at work here. china hit a new low. we will talk about these things but i think it is multiple factors a at work beyond what somebody in washington says. >> this reminds me of when we had the european crisis or in 2008 when there was the vote on the tarp. i don't think we should overreact to this. if i learned anything from schoolhouse rock making a bill is like sausage making. you will have imaginations going
. >> obama is going to a toy factory, correct, tomorrow? a toy factory during the holiday shopping season ahead of christmas. >> tomorrow he will be meeting with ceos including goldman sachs and some will meet with the president in person. the president is making the case that he is meeting with every constituency out there. >> thanks for that wrap up. do you think his assessment is right that the markets freaked out? >> i think in general if your catalyst is the u.s....
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Nov 7, 2012
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president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the differences over tax and spending is in the books and histly. that much money will surely gift economy a boost, especially if leads to a spurt of hiring. now we need to see the leadership make it happen. leadership often means comp prom my giving up something to get something. our leaders have an opportunity to create a clear path, that means decisions on the fiscal cliff, where will tax rates be in 2013? where will government spending be deployed and where will it be cut? in his victory speech earthquake the president said we ha
president obama was re-elected. we keep -- kept hearing nothing could get done until this election was done. well, it is done. and now it's time to put the politics aside and make policy the priority to ensure we are all playing on team america. the only way to do that is to come together. we have a huge opportunity. the corporate sector is strong. we know that. there are estimates of $3.5 trillion in cash on corporate balance sheets right now that money can get begin to go to work once the...
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Nov 6, 2012
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perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an early night. if, on the other hand, the polling in new hampshire is exactly what the vote says, then we could have a long night. so i think if governor romney is going to win, i think we'll know pretty quickly. otherwise, it's going to be a long night. >> yeah, but i mean, do you believe the polls? the polls are basically saying that even if it's just a fractional lead, the president is in the lead. so why would you think that these polls would crack toward romney? >> maria, the polls are a point in time. what matters most is the momentum. i think over the last three days -- and it's the eve of the election. there's no need for any spin. the polls have been open for 11 hours. i honestly think when you look at the crowds that governor romney has been getting, when you look at the body language of governor romney and his entoura
perhaps a slight edge to obama. they show obama with a four or five-point edge in pennsylvania. if that's not the case, then i think all of these close races we can have some degree of confidence will break towards governor romney. i think we could have an early night. if, on the other hand, the polling in new hampshire is exactly what the vote says, then we could have a long night. so i think if governor romney is going to win, i think we'll know pretty quickly. otherwise, it's going to be a...
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Nov 7, 2012
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>> well, i think it's not just obama. i think it's also the fact that we still have a republican-controlled house. so i think, you know, a lot of business people f you scratch below the surface, will find we're anti-bipartisanship and pro-gridlock. i think having a republican house is a good counterbalance. it's what we've been living with. i think we're going to be fine. >> in terms of the most recent patent laws that were put in place, are you comfortable with what's going on in terms of patents and the technology sector? >> well, i mean, in general there's too much regulation. in general there's too much regulation across a number of critical areas. patents is one. it would be good to roll back a lot of the regulation in a lot of these areas and unlock innovation and competition and make it possible for people like me to make more investments. if we're not going to be able to roll back the regulation, let's prevent more to have from being put in place. i think having a republican house is going to be helpful on that. >
>> well, i think it's not just obama. i think it's also the fact that we still have a republican-controlled house. so i think, you know, a lot of business people f you scratch below the surface, will find we're anti-bipartisanship and pro-gridlock. i think having a republican house is a good counterbalance. it's what we've been living with. i think we're going to be fine. >> in terms of the most recent patent laws that were put in place, are you comfortable with what's going on in...
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Nov 6, 2012
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i get the obama plan. i don't personally get either plan. >> that was a disappointment for everyone. the interviews were not economic-based. any interview we saw. all right. thanks, everybody. obviously this market is not focused on europe today. we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now, 141. >> stick around. we've got a lot more ahead on this special election day edition of the "closing bell." >>> coming up on this special election day edition of the "closing bell," up for grabs. the very latest news from the battleground states that could decide the presidential race. >>> and our own larry kudlow weighs in on which states he's watching most closely. >>> plus, money matters. the former wells fargo ceo talks the election's impact on wall street and what it could mean for your bottom line. >>> and your money, your
i get the obama plan. i don't personally get either plan. >> that was a disappointment for everyone. the interviews were not economic-based. any interview we saw. all right. thanks, everybody. obviously this market is not focused on europe today. we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now,...
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Nov 9, 2012
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remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone over one fiscal cliff. what's coming on january 1 is not a cliff but a wall of higher tax rates. we've already gone over the fiscal cliff of spending already by this administration. >> congressman garrett, thank you very much. sue? >>> the dow jones industrial average has now moved into negative territory. we are down about ten points on the dow jones industrial average. where's the money going? well, marginally it is going into the gold market. gold prices are closing right now. i think about a $5 gain there. sharon epperson is track being the action at the nymex. >> gold is above $1,730
remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone...
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Nov 13, 2012
11/12
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four more years of obama administration, people are looking down, it's going to be a tough way for the guys to make money going forward. >>> coming up next, lots of fear around the fiscal cliff. there might be one sweet side effect of the looming. a windfall. and we'll give you names to make the most of it. straight ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in
four more years of obama administration, people are looking down, it's going to be a tough way for the guys to make money going forward. >>> coming up next, lots of fear around the fiscal cliff. there might be one sweet side effect of the looming. a windfall. and we'll give you names to make the most of it. straight ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible...
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Nov 28, 2012
11/12
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markets are higher today after comments from house speaker boehner and president obama. we saw an instant reaction in the dow. the index reversing this morning's loss when is they sounded slightly optimistic that they would get a deal done. in fact, the market going from down over 100 points to up more than 100 points. >> let's bring in our next guests for their take on today's moves. chris, how are you supposed to navigate a market that has a more than 200-point range based on comments out of d.c.? >> i think you need to take a long-term viewpoint. there's volatility in the market. you don't overreact to these big moves. you begin to find companies. do your homework. there are growth opportunities out there with good management teams. stick to your principles on investing. >> rick, do you agree? invest right through it? should we not worry about the fiscal cliff? >> i think you need to worry about it a little bit. keep in mind, you can't trust what comes out of these politicians' mouths. they're talking to their constituents. they're talking to their political party and
markets are higher today after comments from house speaker boehner and president obama. we saw an instant reaction in the dow. the index reversing this morning's loss when is they sounded slightly optimistic that they would get a deal done. in fact, the market going from down over 100 points to up more than 100 points. >> let's bring in our next guests for their take on today's moves. chris, how are you supposed to navigate a market that has a more than 200-point range based on comments...
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Nov 7, 2012
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obama's in again. likelihood of a continuation of qe could be pushing that up. >> that's what you're looking at. i'm looking at bank of america. worst performer in the dow right now. okay, listen. tougher financial regulation, maybe, maybe not. elizabeth warren in the senate. we know how tough she's been. >> big consumer advocate. >> she can be tougher. will there be lawsuits against countrywide? will there be more litigation? bank of america getting crushed. that's a stock to watch. >> thank you so much for watching. we're currently very much in the red with the dow down by 2%. >> keep it here
obama's in again. likelihood of a continuation of qe could be pushing that up. >> that's what you're looking at. i'm looking at bank of america. worst performer in the dow right now. okay, listen. tougher financial regulation, maybe, maybe not. elizabeth warren in the senate. we know how tough she's been. >> big consumer advocate. >> she can be tougher. will there be lawsuits against countrywide? will there be more litigation? bank of america getting crushed. that's a stock to...
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Nov 28, 2012
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. >>> president obama holding a summit at the white house as we speak with several ceos about how to fix the fiscal cliff. john harwood at the scene at the white house joining us now with the latest. john, what have you seen so far? >> reporter: well, a few minutes ago, a group of ceos including lloyd blankfein of goldman sachs, and others made their way down the white house driveway into that meeting, our own brian roberts from comcast. they're engaging in the private conversation where the president is trying to drum up air cover to get congress to go along with what he calls a fair and balanced approach. now, the president put public pressure on himself this afternoon by standing with a group of middle-class taxpayers behind him and saying he wants a deal and doesn't want to wait until new year's eve. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. that kind of agreement would be good for our businesses, good for our economy, it would be good for our children's future. and i believe that both parties can agree
. >>> president obama holding a summit at the white house as we speak with several ceos about how to fix the fiscal cliff. john harwood at the scene at the white house joining us now with the latest. john, what have you seen so far? >> reporter: well, a few minutes ago, a group of ceos including lloyd blankfein of goldman sachs, and others made their way down the white house driveway into that meeting, our own brian roberts from comcast. they're engaging in the private...
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Nov 7, 2012
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the obama index. in this day, a massive selloff, it is higher. investors seem surprised by the and two months ago. >> a romney victory would have had 100 points in the s&p and probably a 15-point decline. >> wow. leon cooperman, is that a good prediction? is the presidency the reason we're dropping? let's bring in joe terranova, josh brown to find out. gentlemen, at least that's what i presume you are, is this really an obama selloff or is this the market rally and what is the reason now? >> what the reason is, what the outcome is going to be, really? it doesn't matter. what should matter is what should have happened today. this company is deficient in commonsense at some point this morning the speaker of the house, the president should have walked into a room and said the fiscal cliff that everyone is worried about, we're going to get it done, walk out of the room if they did that, the s&p is unchanged on the day. >> you have so much hope and cynicism. >> after august 2001, we should have learned the lesson and had commonsense. obviously we don'
the obama index. in this day, a massive selloff, it is higher. investors seem surprised by the and two months ago. >> a romney victory would have had 100 points in the s&p and probably a 15-point decline. >> wow. leon cooperman, is that a good prediction? is the presidency the reason we're dropping? let's bring in joe terranova, josh brown to find out. gentlemen, at least that's what i presume you are, is this really an obama selloff or is this the market rally and what is the...
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Nov 26, 2012
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i think that is code for obama care. we know there is no way they are opening up obama care or social security. do you think they are going to open up entitlements? >> i think they have to. i think everybody understands that is the only place that you can and must cut and that is the place they probably will cut. call me a cockeyed optimist. i have been down the line several times. this time i think they get it. i think the sherpas are in the background doing their due diligence making certain that the ts are crossed and is are dotted and we will come up with a resolution to this. i can't imagine we will continue to kick it down the road. remember i thought mr. romney was going to win the election. i have been wrong in the past and i can be wrong again. >> that is a big man to admit that. i am interested in how you are trading this. last week we had the embassies up 3% to 4%. is the optimism to get a deal done priced in? >> there is a good deal priced in. i was impressed the market came off of the bottom as far as it did
i think that is code for obama care. we know there is no way they are opening up obama care or social security. do you think they are going to open up entitlements? >> i think they have to. i think everybody understands that is the only place that you can and must cut and that is the place they probably will cut. call me a cockeyed optimist. i have been down the line several times. this time i think they get it. i think the sherpas are in the background doing their due diligence making...
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Nov 12, 2012
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. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. shares of d.r. horton down 5% despite earnings that actually beat this morning. cautious comments from the ceo about the economic outlook weighs on the shares today. is the long run for home builders nearing an end? we've seen a big move in these stocks this year. what do d.r. horton's results mean for toll brothers. on the technical side, carter worth with oppenheimer and on the fundamental side of the story, nishu with deutsche bank. let me kick th
. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert...
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Nov 5, 2012
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obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over the next couple of years. so i think caterpillar does really well if mr. obama is reelected, for more on the question of which candidate will be better for the markets, let's bring in the chief economist at cibc world markets. welcome, avery, to the show. and the conventional thinking is that obama is better for bonds, romney better for stocks. do you agree? >> i think that's the one-day knee-jerk reaction. but i think knee-jerk reactions can be wrong. you know, attend of the day, what equities really need is gr
obama is elected. he wants to spend money on the infrastructure, and caterpillar has actually done pretty well over the past month, given that the market, the broader market has not done particularly well, and that b-to-b, at least as far as asia is concerned isn't doing particularly well. if you want to spend money and create jobs, then taking the politics out of it, probably the way to do it is infrastructure. and god knows the northeast is going to need plenty of infrastructure spending over...
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Nov 6, 2012
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president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth. >> i want to read you something alan greenspan said. we are trying to do this -- solving the deficit problem and also the fiscal cliff -- without pain. there is no credible scenario in which that happens. you can put spending, entitlements, revenues, all of it on the table under that umbrella. are we going to get a deal on that? >> we have to. chairman greenspan is reflecting what a majority of the country feels about the inaction and some say incompetence in washington on that matter. anthony talked about the longer term deal t
president obama has not done that. we have been kicking the can down the road on taxes, regulation, uncertainty on health care expenses and so i think with a romney administration what you will end up with is a solid four-year plan where american businesses can get back to doing what they do well which is allocating capital based on what they know costs to be. that's been the big problem in the last four years. unknowable costs lead to labor uncertainty. that's why we don't have the job growth....
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Nov 19, 2012
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if part of the deal is that obama care is fully funded then all of the hospitals across the country ended up getting about 40 million new paying users, pag patients. good news for all of the hospital systems. >>> got to take a break here but buyer's beware. unibonds may not be the safe haven you may think they are. find out what is at stake for this trade right after this. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ul
if part of the deal is that obama care is fully funded then all of the hospitals across the country ended up getting about 40 million new paying users, pag patients. good news for all of the hospital systems. >>> got to take a break here but buyer's beware. unibonds may not be the safe haven you may think they are. find out what is at stake for this trade right after this. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use...
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Nov 9, 2012
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you know, in the debate between mitt romney and barack obama, obama laid out this notion that somehow romney was not in favor of any more revenues and romney debunked that and said, look, we're in favor of revenues, and i think he was largely speaking for the republican party at that point. we're in favor of more revenues. the ryan budget, for example, had revenue assumptions in it. so i think what's got to happen is that both sides have to let the other team take a victory lap. let republicans come into this debate where we keep tax rates low and reasonable and predictable and drive toward tax reform next year. democrats can come into the debate and claim a victory and say, well, we're interested in more revenues. the key is, can we get to these underlying situations and that is entitlement reform. that's where the action is. >> okay. but how realistic is it to postpone or extend everything for a year? as i understand it, this was in the "wall street journal" editorial page this morning and i've heard this elsewhere, that mr. boehner would like to just extend the tax cuts and i don't
you know, in the debate between mitt romney and barack obama, obama laid out this notion that somehow romney was not in favor of any more revenues and romney debunked that and said, look, we're in favor of revenues, and i think he was largely speaking for the republican party at that point. we're in favor of more revenues. the ryan budget, for example, had revenue assumptions in it. so i think what's got to happen is that both sides have to let the other team take a victory lap. let republicans...
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Nov 19, 2012
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during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging onto those gains. we rallied in the open. the dow's up 177. >> i could see you at a cafe with a cigarette hanging out. >> you haven't seen anything yet. find out why our next guest says even bigger gains are on the horizon if things go the way he thinks they're going. >> walmart moving up its dividend payout from january up to december to avoid the looming fiscal cliff tax increase. should companies and investors be making these huge decisions based on uncertainties? we'll look at that coming up. when you take a closer look... ...at the best schools in the world... ...you see they all have something very inte
during the president obama years we went from 32% of gdp to 40% of gdp. germany's 42%. we're not far behind them. then you have france and italy and spain -- >> steve, dan, michael, thank you so much, guys. we really appreciate it. >> we have a lot more to say on this topic. >> it's one that could go on for a while here. >> we're heading to -- by the way f we become france and italy, does that mean the bread and cheese and water -- >> 20 minutes to go here, hanging...
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Nov 5, 2012
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president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're talking between 20% and 30% or more. for governor romney, we're talking 19% if republicans don't win a majority in the senate. joining me, long-time obama adviser, robert wolf, former chairman of ubs america and now on reuters television. thank you for joining us. do you agree regardless of who takes the white house, investors will see tax increase? >> yes. we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they
president obama. that's indicative of a obama win. a lot of people noted big dividend players, r echleits, telecom, some argue higher taxes from president obama on dividends, indicate president obama likely victory. bottom line, the markets are not sending a clear signal either way. back to you. >> bob, thank you so much. here's a sobering report on taxes. goldman sachs says it doesn't matter who win. dif dent and capital gains taxes will go up regardless. for president obama we're...
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Nov 8, 2012
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can the markets trust washington after conciliatory gestures from president obama and house speaker john boehner towards solving the nation's fiscal mess? >> we're ready to be led. not as democrats or republicans, but as americans. >> our good old-fashioned bull/bear debate is straight ahead. >>> and deconstructing disney. it's a first-on interview with the magic kingdom's chief bob iger, and his thoughts on earnings and the multibillion dollar deal for lucasfilm. >> it will be a day long remembered. >> that's all ahead on the "closing bell." ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> this just occurred to me this morning. do you know that thanksgiving is two weeks from today? >> man. >> it's all upon us. if you're already dreading spending all day with your extended family, fear not. walmart is coming to the rescue. it's announcing it's going to open its doors at 8:00 p.m. >> how is that going to fly with your family? >> who's going to watch football now? >> that's a
can the markets trust washington after conciliatory gestures from president obama and house speaker john boehner towards solving the nation's fiscal mess? >> we're ready to be led. not as democrats or republicans, but as americans. >> our good old-fashioned bull/bear debate is straight ahead. >>> and deconstructing disney. it's a first-on interview with the magic kingdom's chief bob iger, and his thoughts on earnings and the multibillion dollar deal for lucasfilm. >>...
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Nov 12, 2012
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that would work but we're not hearing that from president obama. he's still talking about rates. >> imagine the revenue explosion in federal government if you do 3.5% to 1.5%. simple as all that. >> peter, thank you. >> thank you. >>> coming up, the ceo of televisa. >>> time for today's aflac trivia question. on this day in 1993, the top song of the billboard hot 100 list was "i'd do anything for love" by michael lee aday, better known by what name? the answer when cnbc's "squawk box" continues. huh! no! who's gonna help cover the holes in their plans? aflac! quack! like medical bills they don't pay for? aflac! or help pay the mortgage? quack! or child care? quack! aflaaac! and everyday expenses? huh?! blurlbrlblrlbr!!! [ thlurp! ] aflac! [ male announcer ] help your family stay afloat at aflac.com. plegh! is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race tracks, batteries that power tomorrow's cars, nearly indestructible laptops, and
that would work but we're not hearing that from president obama. he's still talking about rates. >> imagine the revenue explosion in federal government if you do 3.5% to 1.5%. simple as all that. >> peter, thank you. >> thank you. >>> coming up, the ceo of televisa. >>> time for today's aflac trivia question. on this day in 1993, the top song of the billboard hot 100 list was "i'd do anything for love" by michael lee aday, better known by what name?...
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Nov 20, 2012
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i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right now when they have their backs against the fiscal cliff. >> but that's not what they're doing. we doncontinue to see everybody digging in. why should republicans allow the tax increases for highest earners, and why should dems give in on the spending cuts the republicans want? what is it going to take to get these two sides together? >> the democrats should give in. the fact is they should give in because we have an actual fiscal crisis. we have a real debt ceiling. that's the national debt. this is going to, what, chip away 7% of the deficit, lettin
i mean, president obama just won a decisive election. democrats increased their majority in the senate. the tax rates are expiring. if these tax rates weren't expiring, republicans could hold out for genuine tax reform. i think they need to get ahead of this situation. why not lock in the current rates for everybody under a million and live to fight another day? i think there's more likelihood they'll be able to get genuine tax reform next year if they lock in everybody under a million right...
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Nov 10, 2012
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obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces the clinton option and the debt limit's unconstitutional and we're lifting it, if you don't like it, see you in court. >> how long, do you think, we're in early november. how long do you think this era of compromise and common ground will last? >> i think that any deal isn't going to happen until the last hours of december. so, and it's going to be a short term deal and i would bet that they are looking for a way to kick the can down the road again rather than taking up the big issues in the short period of time. >> in that sens
obama can let the tax cuts expire. my guess is he'll start talking immediately, maybe next week about proposing, you know, sustaining the tax cuts for everybody except the top 2% and he can let the tax cuts expire and do the same thing and then republicans will try to essentially block a tax cut for '98% and 99% of the american people and the only choice is how he chooses to approach the debt limit and obama would be a fool if he lets them use it the same way. my bet is if the white house faces...
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Nov 5, 2012
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you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just saying if it's a swing state, it goes to obama. >> others would say independents skew toward the challenger. some polls may not reflect enthusiasm. >> so happy when we're no lodngr talking about this. god. sorry. >> i'll talk storm then. >> let's talk about netflix poison pill they just put in. that's big. >> that's a great story. >> of course they got that saying we're going to protect shareholders. make sure everybody is okay. >> you can't firebomb that. i'm willing to firebomb the election as a way to -- i really do believe that the swing st
you think obama is going to win. explain. >> i know i have disagreements here. >> there's a lot going on in there. do you even have room in there to pick electoral votes of states. >> i have room to talk about the greatest rookie ever in my fantasy league. total vacuum. i feel all of the -- this is my rap. i say swing states all go for obama and that the horse race is made up of people who are not necessarily polled correctly and i think these states are obama states. i'm just...
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Nov 12, 2012
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control this ever growing government which expanded under bush, now it is continuing to expand under obama, then, yes, sooner or later you're going to have to grab the middle class by the throat and choke them because there aren't enough rich people to finance big bloated government. that's why i'm standing in london. reason that they had these big value added taxes and social insurance taxes is the only way you can finance a welfare state is by squeezing the middle class. that's going to be bad for the economy, bad for those taxpayers just like taxing the rich is bad for the economy an bad for those taxpayers. >> you think the answer is 100% cut spending even though the roads are a billion years old, light poles blow over if you blow on them and no airport can do anything on time. >> that's one of the reasons we're so screwed up in this country, you see it in new jersey and new york. everyone waits for the federal got to do things and the federal government is probably the most incompetent institution on the face of the planet. what your viewers need to understand is that in order to bala
control this ever growing government which expanded under bush, now it is continuing to expand under obama, then, yes, sooner or later you're going to have to grab the middle class by the throat and choke them because there aren't enough rich people to finance big bloated government. that's why i'm standing in london. reason that they had these big value added taxes and social insurance taxes is the only way you can finance a welfare state is by squeezing the middle class. that's going to be...
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Nov 2, 2012
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we'll look at the obama jobs record in a second. let's focus on the october report. 125 is the number expected, 7.9%, a tick up in the unemployment rate, not giving back the gains. >> the 7.9 that would be the round trip, that would be january 20th. >> the number whenby ma took office. >> i thought it was 7.9. it went below? >> 7.9. >> so 7.9. >> it went up and down. i have the obama jobs record for democrats, republicans and economists, and you'll have a lot to say. >> no, i won't have anything to say. i'm saying it would be weird the symmetry of 46 months above and to end on where the day you took office. >> the consensus for this morning is taking a lot of cross currents in the data, with the business side of the data suggesting a weak employment report but consumers acting and talking like jobs are plentiful. capital spending influences my thinking about this morning's number, regional fed surveys down and layoff announcements up just a bit. jobless cuts consistent with the 125 to 150. conference boards gauge of jobs plentiful o
we'll look at the obama jobs record in a second. let's focus on the october report. 125 is the number expected, 7.9%, a tick up in the unemployment rate, not giving back the gains. >> the 7.9 that would be the round trip, that would be january 20th. >> the number whenby ma took office. >> i thought it was 7.9. it went below? >> 7.9. >> so 7.9. >> it went up and down. i have the obama jobs record for democrats, republicans and economists, and you'll have a lot...
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Nov 30, 2012
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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Nov 7, 2012
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president obama won the popular vote. he won probably 332 electoral votes and he ran on a very clear message of let the top tax rates expire, we'll deal with the rest of it and take the spending cuts off the table. i think house republicans eventually are going to have to come and meet him some of the way. they lost tea party members in the house and lost tea party members in the senate. there are a lot of ceos that my questions is come out in the next couple of weeks and stand behind the president, saying we can't allow this fiscal cliff to happen. president saying let's let the top rates expire and move forward with that plan. i think he has a whip hand more than the house gop does. >> what's going to be the impact, kenny? we had these ceos down here with us on the floor of the new york stock exchange. it is a powerful group of people. >> it absolutely is but i think we're getting that reaction today. i think ben is right that the market is soelg selling off. it is repricing the risk based on what the new reality looks
president obama won the popular vote. he won probably 332 electoral votes and he ran on a very clear message of let the top tax rates expire, we'll deal with the rest of it and take the spending cuts off the table. i think house republicans eventually are going to have to come and meet him some of the way. they lost tea party members in the house and lost tea party members in the senate. there are a lot of ceos that my questions is come out in the next couple of weeks and stand behind the...
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Nov 1, 2012
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frankly, i think it's very, very positive for obama. it shouldn't be, necessarily, but it is politically speaking. >> why do you think the hurricane was so positive for the president? >> because it got everybody off of his record. people aren't talking about his record. people aren't talking about what he's done, what he hasn't done. people are talking about the hurricane and they see him standing with people that have serious problems. i mean, it was a very, very big problem. it was a terrible, terrible jolt to the country. but they see him out there standing with people and frankly i think that's probably helping him. it shouldn't be, but it's helping him. >> you know, today you've got governor cuomo saying he'd like the federal government to pick up the tab for all the devastation in new york. you have chris christie saying that the federal government should pick up the tab for the devastation in new jersey. how much do you think all these photo ops with governor christie is worth to christie and his state? >> i think they're worth a
frankly, i think it's very, very positive for obama. it shouldn't be, necessarily, but it is politically speaking. >> why do you think the hurricane was so positive for the president? >> because it got everybody off of his record. people aren't talking about his record. people aren't talking about what he's done, what he hasn't done. people are talking about the hurricane and they see him standing with people that have serious problems. i mean, it was a very, very big problem. it...
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Nov 16, 2012
11/12
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what you have in certainty is the obama health care bill and investment income taxes. what that means for everybody is that you're better off realizing gains on any stocks. i think apple is falling a lot because people have very big gains, and they'd rather capture those gains today at a rate that's lower than they -- >> so you know there are people out there for example selling the high yielders and dividend stocks. >> we know is there's a lot of tax realization. those dividend stocks have appreciated a lot in the last couple of years. so you have tax management. >> dan, what would you do right now? are you going to buy or sell here? >> we're certainly on the more negative side of things. with respect to the topic of the dividend payers, you can see since the election the top quintile of dividend payers have done terribly in relation to the rest of the market. the relationship is from the bottom left to the top right. if you don't pay a dividend, you are doing much better than if you do. >> you also have much appreciation in that time frame. i think we're going to see
what you have in certainty is the obama health care bill and investment income taxes. what that means for everybody is that you're better off realizing gains on any stocks. i think apple is falling a lot because people have very big gains, and they'd rather capture those gains today at a rate that's lower than they -- >> so you know there are people out there for example selling the high yielders and dividend stocks. >> we know is there's a lot of tax realization. those dividend...
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Nov 2, 2012
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unemployment is higher today than when barack obama took office. think of that. >> now, maria, both candidates are going to be in ohio. crucial, all-important ohio, this weekend with just three full campaign days left until election day. there's a lot to be decided here and a lot riding on the next couple days. >> absolutely. thanks very much. my next guest says the jobs numbers are evidence, in fact that, the economy is making steady progress. here to make his case is andy stern. he's former president of the service employees international union. now a senior fellow at columbia university. before we get to that, there have been unconfirmed reports -- thanks for joining us, andy. >> good to be here. >> utility crews from out of state that are not unionized, they're getting a hard time, even turned away, by unionized local crews. have you heard this? what can you tell us? >> i haven't heard this. i would hope it's not true. this is a time -- i grew up in new jersey. i lived in new york. i saw a lot of devastatiodevast. we're all americans. we need t
unemployment is higher today than when barack obama took office. think of that. >> now, maria, both candidates are going to be in ohio. crucial, all-important ohio, this weekend with just three full campaign days left until election day. there's a lot to be decided here and a lot riding on the next couple days. >> absolutely. thanks very much. my next guest says the jobs numbers are evidence, in fact that, the economy is making steady progress. here to make his case is andy stern....
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Nov 1, 2012
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indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think
indeed, president obama in an interview last week, mentioned that he thinks there will be a solution, a grand bargain, sometime in the first six months of 2013. six months. that's a long time to get this it problem straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for...
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Nov 1, 2012
11/12
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been in rally mode here and now, i think people are realizing regardless if it's a romney victory or obama victory, you're going to see coal recover. i think the upside in coal continues. >> there's been a nat gas relation? >> a lot of people are focusing away from the shift from that gas, away from coal to nat gas and now saying maybe there will be some shifting if nat gas breaks above four, maybe back to coal. i believe you can be long coal and also long the nat gas. >> all right. well, we continue to monitor the gas shortage gripping the new york metro area. really, the try state area. the squeeze sending ripple affect throughout the region. jackie deangelis has been monitoring this closely and is also the host of a new online show on cnbc.com called "futures now." >> long wait times at gas stations across the new york area causing a different sort of main at the pump than we usually talk about, but could higher gas prices be adding to the widespread frustration as well? anthony, let's start with you. give me you take on the situation. >> this area uses about 70 million gallons of gasol
been in rally mode here and now, i think people are realizing regardless if it's a romney victory or obama victory, you're going to see coal recover. i think the upside in coal continues. >> there's been a nat gas relation? >> a lot of people are focusing away from the shift from that gas, away from coal to nat gas and now saying maybe there will be some shifting if nat gas breaks above four, maybe back to coal. i believe you can be long coal and also long the nat gas. >> all...
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Nov 2, 2012
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that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as
that's a swing state barack obama carried four years ago that mitt romney wants to take away from him. business and other groups allied with the republican campaign are doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters...
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Nov 16, 2012
11/12
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ambassador, obama u.n. a.m. bas door susan rice, said or did not say five days after the tragedy when she went on the sunday talk shows. nbc's "meet the press" specifically, and denied there was al qaeda involvement saying the earlier stories that there had been a riot gone wrong is what u.s. intelligence still believed was the case in libya. petraeus testified, according to those who heard his testimony, that the cia, in fact, believed immediately that al qaeda and another terrorist group was involved and wrote for public consumption some bullet points, which included that assumption by the cia. they went to other agencies quickly so they could get out publicly. five days later, rice denied al qaeda involvement. peter king, the republican from new york, said somebody took out the reference to al qaeda, which had been dumbed down, if you will, to the word extremist and then virtually eliminated from this public, nonclassified report. so, bill, the controversy continues. did susan rice say something publicly that
ambassador, obama u.n. a.m. bas door susan rice, said or did not say five days after the tragedy when she went on the sunday talk shows. nbc's "meet the press" specifically, and denied there was al qaeda involvement saying the earlier stories that there had been a riot gone wrong is what u.s. intelligence still believed was the case in libya. petraeus testified, according to those who heard his testimony, that the cia, in fact, believed immediately that al qaeda and another terrorist...
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Nov 8, 2012
11/12
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this is a chance for obama to step to the middle. this is a chance for the republicans to leave their partisanship behind and do what's right for the country. in talking to a lot of senators and congressmen down in washington, d.c., i personally believe that a lot of them want to do the right thing and this is the time the first year of a presidential cycle where that can happen. >> how critical is it that this matter get solved, not punted down the road, not just for the markets but for the economy more broadly? >> we're on a sugar high right now. have you half a trillion dollars of extra cash being pumped in by the federal reserve. the sugar high is going to end. it is so critical to have the planning and certainty of a grand compromise that if it doesn't happen, small businesses can't plan. look, we lend to 70 small businesses. we manage about $1.4 billion in assets. those companies, the ceos are screaming for certainty. they want to make their budgets, hire people, but they want to understand what the demand side of the equation
this is a chance for obama to step to the middle. this is a chance for the republicans to leave their partisanship behind and do what's right for the country. in talking to a lot of senators and congressmen down in washington, d.c., i personally believe that a lot of them want to do the right thing and this is the time the first year of a presidential cycle where that can happen. >> how critical is it that this matter get solved, not punted down the road, not just for the markets but for...
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Nov 2, 2012
11/12
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president obama: i'm barack obama and... i approve this message. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> can the ipad mini bring momentum back to apple? the stock is down 16% from the all-time high. that being $705.07. a 20% correction would put the stock -- can't believe we're saying that -- in bear market territory. we're talking about apple possibly in bear market territory? it's come to this? >> it is. it's a bit surprising, quite frankly. sitting right on that 200-day moving average. certainly it probably got in front of itself. i think we would all look at the charts and say maybe. still, when you look at it from a valuation
president obama: i'm barack obama and... i approve this message. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an...